SEC Adopts New Proxy Disclosure Rules

December 22, 2009
The Securities and Exchange Commission recently adopted final rules intended to enhance disclosure regarding corporate governance and compensation matters in proxy statements and other reports. The new rules focus on disclosure regarding risk and risk oversight, director and director nominee qualifications, board leadership structure, potential conflicts of interest of compensation consultants, and other compensation matters. This update examines the new rules, which are effective February 28, 2010 and are generally applicable to the upcoming 2010 proxy season.